Q: I and my 8 siblings were gifted 100 acres from Grandmother. We each own 1/9 interest. 2 of the siblings began
manufacturing portable storage buildings in the center "heart" of the property and occupy well over 25%. They have became wealthy in this business in a short time. What rights do we have as equal interest land owners?
A:
As to the real property, each of the siblings would own an undivided 1/9 interest in the land. It the land were sold, each of you should get 1/9 of the net proceeds.
As to the business, it appears that the two siblings who are doing business own that. Absent an agreement with the other joint owners of the land (the other siblings), the business owners are not required to share the wealth, represented by the business, with their other siblings, if that 's what you are getting at.
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